Walmart is hurting. The company released its fourth quarter earning report, and it wasn’t great.

Walmart is hurting. The company released its fourth quarter earning report, and it wasn’t great.

Share

Shares

Copy Link

{copyShortcut} to copy
Link copied!

Updated: 10:54 PM CST Feb 18, 2016

Hide TranscriptShow Transcript

WEBVTT GROVE TO PBREAK DOWN THE REPORT AND HOW IT PCOULD AFFECT THE COMPANY PLONG-TERM. PAJ: WALMART'S PROFITS DROPPED 8% PIN THE FINAL FEW MONTHS OF 2015 PAND IT HAS CAUSED THIS YEAR'S PPROJECTIONS TO FALL ALSO. PEXPERTS SAY IT IS NOT AN PENTIRELY UNEXPECTED REPORT. P>> THEY INDICATED THROUGH THE PYEAR THAT 2016 WOULD HAVE FLAT PSALES GROWTH. PAJ: BUT NOT THAT FLAT. PBEFORE TODAY, THEY WERE PEXPECTING A 3%-4% SALES INCREASE PIN 2016. PEXPERTS SAY THE SALES ARE DOWN PPRIMARILY BECAUSE OF THE WARMER PWEATHER AND THE STRENGTH OF THE PU.S. DOLLAR. P>> THE U.S. DOLLAR IS TRADING OF PHIGHER THAN IT WAS A YEAR AGO. PSOME OF THOSE PROFITS HAVE BEEN PMADE LOWER BECAUSE THE U.S. PDOLLAR IS STRONGER. PAJ: EXPERTS SAY WALMART IS PPLAYING THE LONG GAME BY PINCREASE EMPLOYEES PAY AND PCLOSING DOWN SOME STORES. PWITH THAT IN MIND -- WHAT WOULD PYOU GIVE THIS QUARTERS REPORT PCARD? P>> A MIDDLING GRADE. PA MIXED REPORT.

Walmart expects no sales growth this year

Walmart is hurting. The company released its fourth quarter earning report, and it wasn’t great.